Why choose Talbots commercial lease solicitors?

At Talbots Law, we know how important premises are to our business clients. That’s why when it comes to drafting and negotiating a commercial lease; we’ll always take the time to gain an in-depth understanding of your commercial needs before helping you through the process. That way, you can rest assured that we’ll always have your best interests at heart and therefore, so will your lease or contract. So instead of being pressured into a lease that doesn’t necessarily benefit you, speak to our commercial lease solicitors for detailed advice that works for you. We advise both landlords and tenants on the following:

• Negotiating Heads of Terms
• Commercial lease renewal
• Sub-letting commercial property
• Break clauses
• Dilapidation issues

What should I look for in a commercial lease?

When entering into a commercial lease, there are many considerations to make before signing an agreement. We’ll help you to thoroughly ensure that all the issues below have been addressed before you sign, and help you understand your position before you enter into negotiations.

Title

Our commercial lease solicitors will investigate the landlord’s legal title to the property to make sure they can legally grant a lease. Where the landlord has a mortgage, the mortgage lender too will need to provide consent before the lease can be granted.

Amount payable

Before you sign the lease, you’ll undoubtedly want to consider how much rent will be payable over the period of time you are letting, so if you wish to negotiate this with the landlord, it’s best to do so as early as possible. As a tenant, you might be responsible for paying a service charge for the property or building insurance. These are aspects you will want to negotiate with the seller before signing, as you may secure yourself a better deal.

Value added tax

For commercial properties that are less than 3 years old, VAT will be chargeable to the tenant. This is just another consideration when planning your finances while letting the property.

Repair

Speak to the landlord about whether or not you will be responsible for contributing towards repairs payments, or whether it’s included in a service charge. This will vary from one commercial property to the next, but is an essential consideration prior to signing an agreement.

Rent review

Reviewing the amount of rent charged is a common practice for landlords. Within your lease, the landlord should specify a date at which point the rent should be reviewed. If not already present, your landlord should set this out clearly in the lease once a date has been agreed.

Planning

We’ll help you establish whether the property has planning permission for the property to be used as you intend to do so, and that the lease permits this use.

Renewal

Does the lease automatically renew once it’s over, or are you able to request this from the landlord? Before entering negotiations, speak to our solicitors regarding lease renewal, and ensure that the landlord is clear about the rules surrounding renewal.

At Talbots Law, we’ve been helping businesses through commercial lease negotiations for years. That’s why you can rely on us as experts to protect your best interests before you sign an agreement. Just give us a call today on 0800 118 1500 for more information.